中文版 >>Welcome to Jingzhou Municipal People's Government website !
Home > News > News
Jingzhou releases preferential financial policies to support work and production resumption
Updated: 2020-04-16 08:49:00

Since the outbreak of the epidemic, Jingzhou has released a series of preferential financial policies; Jingzhou's financial institutions have seriously implemented the spirit of policy documents, coordinated with enterprises and offered a combination of financial services to provide strong financial support for the work and production resumption of enterprises.

In Cenhe, Shashi District, a place where micro and small infant & child clothing manufacturers are concentrated, most enterprises have resumed work. Since resuming work in mid-March, Jingzhou Tiantai Knitted Costume Co., Ltd. troubled by financial strain and the problem of recruited workers and prepared production lines. In the crucial period, Agricultural Bank of China Shashi Sub-branch issued 1.5 million yuan in loans through online examination, to address its burning need.

Jingzhou's financial institutions have applied for refinance and rediscount lines of 500 billion yuan to support the work and production resumption of micro and small enterprises, as well as spring ploughing and preparations in rural areas. 7 rural commercial banks, Hubei Bank Jingzhou Branch and 6 rural banks in Jingzhou had applied for refinance lines and issued 2.096 billion yuan in loans to support agriculture, as well as micro and small enterprises by April 12, ranking 2nd among Hubei's prefecture-level cities.

Hubei Petrokh Machinery Manufacturing Co., Ltd. is a provincial high-tech enterprise. It is mainly engaged in petroleum machinery, equipment and parts, environmental equipment and services for oilfields and oilfield engineering technology service. As a key enterprise in Jingzhou District, Hubei Bank, Jingzhou District Sub-branch introduced a humanized repayment policy after the outbreak of the epidemic, to ease enterprises' pressure to some extent.

Jingzhou's financial institutions have applied for refinance lines of 300 billion yuan to support key enterprises in epidemic prevention and control. By April 12, Jingzhou's 9 banking institutions had applied for refinance lines, and issued 649 million yuan to 42 key anti-epidemic enterprises in preferential loans, accounting for 50 percent of all enterprises needing preferential loans. Loan interest rates average 2.37 percent and the actual average interest rate is 1.19 percent at a financial discount of 50 percent.

Besides, Jingzhou's financial institutions will provide emergency credit lines of 350 billion yuan for infrastructure, spring ploughing and other fields, further stabilize credit supply to market subjects whose loans are due, and comprehensively support Jingzhou's enterprises in resuming work and production through deferred repayment of principals and interests, and interest penalty reduction and exemption.

Copyright Jingzhou Municipal People's Government All rights reserved.
Presented by Jingzhou Municipal Bureau of Foreign and Overseas Chinese Affairs.
Tel 0716-8421466 The ICP: 05028271 -1